If you have not decided between leasing or buying a car, we will show you the main differences between the two. This always depends on each particular person, because applications can be varied according to the needs we have, the type of work that each have and if this includes the use of the vehicle, the family, among other things. We present the differences between the two situations, so you can make the best decision.
Lease a car
Generally, rent a car provides us with a new vehicle for a period of time agreed with the tenant. One advantage you have when renting a vehicle is normally equipped with new cars, plus the costs of renting a car can be less than paying a loan to buy a car.
Return the car or offer to buy it
By renting a car, we will use the vehicle, which must be returned once the lease ends, unless you want to buy the car and offer on it is made. Usually, the first monthly payment, a security deposit refund, taxes, records and some other charges is performed according to the lessee.
ill almost always be lower than loan payments because the amount paid for rent, is the value of depreciation of the car with respect to their market value, and the value of the rent. However, if you want to end the lease before the agreement, early termination fees can be very expensive.
Buy a car
To become owners of our cars, we are who we run with the maintenance as long as the vehicle is in our hands. To buy, we pay the full price or a down payment and then finance payments or loans we obtained in case of not having all the money himself when shopping.
We must also tackle taxes, registration and other fees. Loan payments usually are higher than the lease payments, as we will be paying the full purchase price of the vehicle, plus interest and other financial expenses, taxes and professional fees. If necessary, you can sell the car at the time you want. Even the money from the sale may serve to pay the balance of the loan obtained to purchase the car.
Now having this information you can choose between leasing or buying a car.
Image cortecia of kreditrechnerauto.com, all rigths reserverd.